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SteelHome Morning Express (September 6, 2021)

https://en.steelhome.com [SteelHome] 2021-09-07 09:51:39

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I Steel

SteelHome (China) Steel Price Index (SHCNSI) was 139.33 points (6,027 yuan) on September 6, 2021, up 0.71 points (31 yuan) from the previous trading day. Details are as below:

Table 1: SteelHome China Steel Price Index (SHCNSI) [2021-9-6]

 

Index

Daily Change

Week on week%

Month on month%

Quarter on quarter%

Year on year%

Point

RMB

Point

RMB

Steel Index (SHCNSI)

139.33

6027

↑0.71

↑30.7

1.01

0.02

1.25

40.75

Long Products (SHCNSI-L)

151.3

5500

↑0.81

↑29.6

1.09

0.17

0.42

36.2

Flat Products (SHCNSI-F)

126.88

5967

↑0.29

↑13.27

0.83

0.07

0.9

43.5

Special Steel (SHCNSI-S)

145.05

5843

↑0.48

↑19.3

0.65

0.24

-1.88

34.47

Stainless Steel (SHCNSI-SS)

91.12

19971

↑2.23

↑489

2.37

-1.55

16.45

23.67

Wire Rod (SHCNSI-WR)

154.18

5703

↑0.88

↑32.78

1.23

0.41

0.93

37.64

Rebar (SHCNSI-RB)

151.68

5366

↑1.01

↑36

1.32

0.35

0.26

34.68

Section Bar (SHCNSI-SB)

149.08

5632

↑0.13

↑4.96

0.18

-0.67

0.17

38.77

Medium Plate (SHCNSI-MP)

122.21

5706

↑0.39

↑17.93

0.75

-0.25

-0.99

37.44

HR Coil (SHCNSI-HR)

126.89

5864

↑0.29

↑13.36

1.14

0.23

0.73

45.9

CR Coil (SHCNSI-CR)

109.23

6638

↑0.12

↑7.19

0.28

0.38

2.61

43.61

Quality Wire (SHCNSI-QW)

144.44

5736

↑0.24

↑9.44

0.37

0.12

-0.58

37.32

Carbon & Alloy Structural Steel (SHCNSI-CA)

145.16

5660

↑0.74

↑28.85

0.99

0.36

-2.82

35.59

Seamless Pipe (SHCNSI-SP)

112.85

6349

↑0.47

↑26.2

0.63

0.2

-0.97

30.95

Strip (SHCNSI-Strip)

153.66

5789

↑0.3

↑11.56

0.55

-0.44

1.69

47.09

Welded Pipe (SHCNSI-WP)

154.91

6016

↑0.56

↑21.55

0.71

0.6

0.57

40.64

Construction steel: 20mm HRB400 rebar averaged at 5,312 yuan/t, up 38 yuan/t from previous trading day. Most of marketplaces saw the price hike of 10-80 yuan per ton.

Medium plate: 20mm Q235 medium plate price averaged at 5,728 yuan/t in 28 domestic markets, up 19 yuan/t. In East China, the price, except Fuzhou city, went up by 10-30 yuan per ton; In Central South China, except Wuhan and Zhengzhou’s stability, the prices rose by 20-40 yuan per ton; in Southwest China and Northwest China, the price, except Guiyang city’s stability and Lanzhou’s price of 100 yuan, went up by 10-30 yuan per ton; In North China, the price grew up by 10-30 yuan per ton, except the stability in Beijing, Shijiazhuang and Baotou cities.

HRC: 5.75mm Q235 HRC average price was 5,796 yuan/t in 28 domestic markets, up 12 yuan/t. In East China, the price was up by 10-30 yuan per ton, except the stability in Shanghai; in Central South, the price was up by 10-20 yuan per ton, except stability in Changsha and Wuhan cities; in Southwest China and Northwest China, the price was up by 10-30 yuan per ton, except the stability in Guiyang and XiAn cities; in North China, the price was up by 10-30 yuan per ton, versus the stability in Beijing, Tianjin and Changchun cities.

CRC: Average price of 1.0mm SPCC CRC was 6,493 yuan/t in 28 domestic markets, up 6 yuan/t. In East China, the price was up by 10-30 yuan per ton, except the stability in Nanjing, Jinan and Nanchang cities; in Central South China, the price was up by 20 yuan per ton in Lecong and Nanning cities, versus the stability in others; in North China, Tianjin market went up by 30 yuan, against stability in others. Western markets remained stable.

II Raw Materials

Carbon billet market price in Tangshan increased by 20 yuan to 5,100 yuan/t (ex-works) on September 6. The suppliers on the morning raised the price by 20-30 yuan to 5140-5160 yuan/t, and then in the afternoon, they offered another rise of 60 yuan to 5200-5220 yuan per ton. The lofty quotation was accompanied with active trading volume.

However, the finished steel products reported tepid transactions. In view of strict environmental protection move, SteelHome expects that billet price will keep going up in short run.

On September 6, iron ore market price plummeted sharply. SteelHome data showed that China Domestic Iron Ore Price Index (SHCNDOI) 65% stood at 1,310 yuan/t and SteelHome Imported Iron Ore Price Index (SHCNIOI) 62% decreased by 7.52 dollars to 137.94 dollars/t.

At Chinese ports, the imported iron ore price slid as well. For instance, at Qingdao port, PB fines price was 990 yuan/t; at Jingtang port, PB price was 1,060 yuan/t.

As Secex data showed, Brazil exported 34.8361 million tons of iron ore in August, a rise of 9.93 percent from July data or up 11.68 percent on year.

Table 2: China Raw Material Import Price Aggregates on September 6, 21

 Price in US$ per tonne  1 USD=6.4529 RMB (Yuan) on Sep.06

Products

Iron Ore Fines

Iron Ore Fines

Iron Ore Fines

Iron Ore Fines

Iron Ore Fines

Prime Coking Coal

PCI

HBI

Scrap

Pig Iron

Spec.

Fe:65%

Fe:62%

Fe:63.5%

Fe:58%

Fe:52%

V:25%

A:12%

Fe:84%

HMS1

Si:1.0%

price

152

137.5

135.5

97

62

279

240.5

515

480

570

Up/Down

↓9

↓8

↓8

↓8

↓8

↑5

↑3

↓5

↓5

manufacturer

Carajas

Pilbara

Orissa

Goa

Goa

Australia

Australia

Venezuela

US

Russia

Note

Dry Basis/Dollars/t (CIF)

Dry Basis/Dollars/t (CIF)

Dry Basis/Dollars/t (CIF)

Dry Basis/Dollars/t (CIF)

Dry Basis/Dollars/t (CIF)

 

 

dollars/t(CIF)

dollars/t (CIF)

 

III Futures (Night Offer)

Product

night offer (End time: 23:30 September 6) (yuan)

Growth

Rebar RB2201

5506

33

HRC HC2201

5845

23

Coke J2201

3568

78.5

Coking coal JM2201

2860

82

Iron Ore I2201

728

5

Thermal Coal ZC2201

967.4

18.4

IV Steelmakers' Ex-works Price Policy

80 steelmakers released ex-works price policy on September 6, 2021.

Mill

Product

Size

Ex-works price (yuan per ton)

Up/down (yuan per ton)

Masteel

rebar

Φ16-25mm HRB400

5500

0

coiled rebar

Φ8-12mm HRB400

5890

0

high speed wire rod

Φ6-10mm HPB300

5810

0

Puyang Steel

medium plate

20mm*2200 Q235

5630

30

Shaoguan Steel

rebar

Φ18-22mm HRB400E

5730

60

coiled rebar

Φ8-10mm HRBE

5900

60

high speed wire rod

Φ8mm HPB300

5980

60

Chongqing Steel

rebar

Φ18-22mm HRB400E

5540

50

coiled rebar

Φ8-10mm HRBE

5850

50

high speed wire rod

Φ8mm HPB300

5870

50

V SteelHome Event 

New Function Now Available

Notice: SteelHome Database Updated (Version 2.6.5.0)

SteelHome on Chinese TV Program "TRACE TO ITS SOURCE"

VI SteelHome Dynamics

Weekly Report of China Steel Market for Aug. 27-Sep. 3, 2021

Weekly Report of China Stainless Steel Market for Aug. 27-Sep. 3, 2021

Weekly Report of China Electrical Steel Market (August 27-September 3, 2021)

Weekly Report of China Coal Market for Aug.27-Sep.3, 2021

Weekly Report of China Iron Ore Market for August 27-September 3, 2021


(To contact the reporter on this story: tina.tong@steelhome.cn or 86-21-50585733 15800777957)
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